USD/CHF approaches 0.9500

FXStreet (Córdoba) - Greenback is rising on Thursday recovering from yesterday's slump against European currencies. USD/CHF is moving with an upside bias since the beginning of the Asian session and recently printed a fresh daily high at 0.9488.

Currently trades around 0.9465/70, up 0.70% for the day. The pair is hovering around an important technical area that was a key support and now could act as resistance.

Despite losing ground against the US dollar, the Swiss franc is among the best performers in the currency market amid risk aversion. European markets are falling sharply for the second day in a row.